Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin
BTC
|
0.6606223 |
details, prediction |
Ethereum
ETH
|
0.6447011 |
details, prediction |
Litecoin
LTC
|
0.5495249 |
details, prediction |
Stellar
XLM
|
0.5271102 |
details, prediction |
XRP
XRP
|
0.51589 |
details, prediction |
|
Second tier
|
EOS
EOS
|
0.7034201 |
details, prediction |
DigiByte
DGB
|
0.50416666 |
details, prediction |
Nexo
NEXO
|
0.44621924 |
details, prediction |
DASH
DASH
|
0.3706183 |
details, prediction |
Tezos
XTZ
|
0.36352235 |
details, prediction |
|
Third tier
|
Kleros
PNK
|
0.8959651 |
details, prediction |
Dent
DENT
|
0.5914438 |
details, prediction |
Steem
STEEM
|
0.5257785 |
details, prediction |
V Systems
VSYS
|
0.45641014 |
details, prediction |
FunFair
FUN
|
0.42812538 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that UNUS SED LEO price can be leaded by other, more mighty cryptocurrency, or maybe some market trend have affect on it.
It can be confidently asserted that any crypto currency has a significant dependence on the market as a whole and, in particular, the top 3 currencies -
Bitcoin,
Ethereum and
Ripple, so the prediction of their prices will affect the price of UNUS SED LEO
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Crypto.com Chain
CRO
|
-0.13692121 |
details, prediction |
TRON
TRX
|
-0.113518365 |
details, prediction |
Bitcoin Cash
BCH
|
-0.053766422 |
details, prediction |
KuCoin Shares
KCS
|
0.22113557 |
details, prediction |
ChainLink
LINK
|
0.25966653 |
details, prediction |
|
Second tier
|
Zilliqa
ZIL
|
-0.39549235 |
details, prediction |
Dai
DAI
|
-0.33411226 |
details, prediction |
OriginTrail
TRAC
|
-0.21748792 |
details, prediction |
True USD
TUSD
|
-0.13305992 |
details, prediction |
Verge
XVG
|
-0.10755609 |
details, prediction |
|
Third tier
|
Constellation
DAG
|
-0.62245256 |
details, prediction |
OPEN Platform
OPEN
|
-0.40076908 |
details, prediction |
Stox
STX
|
-0.39741063 |
details, prediction |
BOScoin
BOS
|
-0.2579845 |
details, prediction |
Gas
GAS
|
-0.1738492 |
details, prediction |
This report should be leaned to build highly diversified portfolio.
It makes sense to mention that a low correlation in this case includes not only coins whose movements are not statistically related but, on the contrary, move in opposite directions (in the case of a negative value of the parameter)